Even experienced home buyers can take a home’s list price far too seriously. That’s a problem. List price is simply proof that we live in a free country, and that any seller is welcome to exercise his or her First Amendment right to free speech. It’s not science.
“San Francisco, San Jose, and Sacramento were among the nation’s top-performing housing markets in January, according to an analysis by realtor.com®.”
It’s likely that many of you who read my blog have arrived in Silicon Valley only recently, and don’t realize that the kind of housing market we’ve had here since late 2011 isn’t a fluke. It’s the kind of housing market Silicon Valley has had, more often than not, since I started selling homes in 1998.
Hoping for more inventory? Then you may want to avoid this post.
I’ll bet that got your attention. Sorry folks. That headline is probably older than you are. But it can happen again. In fact, it almost certainly will.
The San Francisco and San Jose Statistical Metropolitan Areas ranked first and second in housing market hotness this January, according to realtor.com. And there’s a sleeper in the top 20 hot list too.
“Saving for a down payment can often be challenging for first-time homebuyers, particularly in high-cost areas like Northern California, and it is likely an issue that most consumers carefully weigh before the housing hunt begins.”